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301 PARK Place
About This Property
Blending timeless elegance with modern luxury, this exquisite home has been thoughtfully redesigned to maximize space, light, and functionality. It is currently configured as a gracious three-bedroom owner's duplex over a charming garden-level rental.
The current owners undertook a meticulous renovation, extending the home 20 feet across all three floors to take full advantage of the extra-deep 130-foot lot. Every detail was considered, resulting in a seamless fusion of historic charm and contemporary sophistication. Original architectural details-including intricate stained-glass windows and beautifully preserved woodwork-have been carefully restored, while modern upgrades elevate the home to today's highest standards.
Key Features:
Fully updated infrastructure: All-new plumbing and electrical systems
Refined craftsmanship: Two Italianate marble fireplace mantels
Designer finishes: Restoration Hardware light fixtures throughout
Bespoke kitchen: Custom-designed in Italy, featuring Jenn-Air appliances, a marble backsplash, and quartz countertops
Elevated flooring: Engineered European oak, sanded and smoked for a rich, organic feel
The garden-level apartment, currently a free-market rental with a tenant in place, offers an excellent opportunity for additional income or guest accommodations.
Unbeatable Location:
Situated in the heart of Prospect Heights, 301 Park Place is just steps from the vibrant energy of Vanderbilt Avenue, with its restaurants, cafes, and boutiques. Enjoy proximity to Prospect Park, Grand Army Plaza, the Brooklyn Museum, Brooklyn Botanic Garden, Barclays Center, as well as the cultural and culinary offerings next door in Park Slope. Multiple public transportation options nearby make commuting a breeze.
With its perfect blend of historic charm, modern luxury, and prime location, 301 Park Place is more than just a home-it's a lifestyle. Now showing by private appointment.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2025 | Sold | ||
| Sold | |||
| Apr 11, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Listed by Brown Harris Stevens Residential Sales LLC | $4,499,000 | |
| Listed by Brown Harris Stevens Residential Sales LLC | |||
| Mar 13, 2019 | Sold | ||
| Sold | |||
| Nov 22, 2018 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017